"Exnovation" is the new trend that industry watchers will have to look out for

Jul 03: "Exnovation" is the new coinage by the global climate change lobby and it is likely to be in greater use in the foreseeable future.8Essentially what it means is a "creative destruction" of fossil fuel assets through a global consensus8The lobby is going beyond pricing signals through a carbon tax and is now asking for a time limit to phase out fossil fuel assets, through government-social network initiatives, disinvestments and other means.8These initiatives can include a phased cut out of conventional vehicles and their replacement by electric cars or policies akin to what the France did recently of banning all future exploration activities.Click on Reports to figure out more on this new momentum